Operates in industrial plastic products under the name Bharatam Ventures (formerly Pet Plastics Limited), but the underlying plastic business wound down sharply during FY26 — Q3 FY26 revenue from operations was just ₹0.94 lakhs against ₹117.15 lakhs in the prior quarter. The company also ran a factoring division that was disposed of during FY26, contributing to an exceptional loss of ₹825.52 lakhs. FY26 revenue from operations was ₹2,371.98 lakhs (up from ₹430.12 lakhs in FY25), but the standalone business swung to a net loss of ₹1,396.99 lakhs from a profit of ₹14.53 lakhs the previous year. Borrowings surged to ₹736.80 lakhs from ₹10.32 lakhs, while total equity fell from ₹1,435.25 lakhs to ₹38.26 lakhs. The company sold subsidiary Exuberant Systems Private Limited — which had contributed 0% to consolidated income — for ₹4.68 crore in March 2026, and completed acquiring 99.9987% of Penganga Sakhar Karkhana Private Limited for ₹1.80 crore in June 2026. Employee costs were the largest disclosed expense at ₹2.08 crore (8.8% of FY26 revenue), with materials reported at zero. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Industrial plastic products, Factoring, Sugar and agro-processing. Transitioning entity exiting plastics and factoring, entering sugar and agro-processing
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 7 | 6 | 8 | 4 | 24 |
| EBITDA (ex other income) | (0) | (1) | (1) | (0) | (14) |
| margin % | (7.3) | (8.7) | (7.8) | (8.5) | (57.0) |
| Owners' profit | 0 | 0 | 0 | 0 | (14) |
| EPS, as reported (₹) | (4.90) | 1.97 | 1.92 | 1.89 | 290.40 |
| ROE % · ROCE % | (1.7) · (1.7) | (0.7) · (0.7) | 0.7 · 0.9 | 0.7 · 1.2 | (3795.1) · (169.4) |
| Debt / equity (x) | 0.00 | 0.00 | 0.03 | 0.01 | 19.26 |
| Cash from operations | (0) | (0) | (1) | 0 | (10) |
| Capex | (0) | (0) | (0) | 0 | (0) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 3 | 0 | 1 | 1 | 1 | 0 | 21 |
| Profit before tax | (0) | 0 | (0) | 0 | (0) | (1) | (1) | (12) |
| Net profit | (0) | 0 | (0) | 0 | (0) | (1) | (1) | (12) |
| EPS (₹) | (0.75) | 0.27 | (2.54) | 4.90 | 6.89 | 17.35 | 27.05 | 239.17 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUPREME INDUSTRIES LTD | 42,745 | 41.2 | 6.93 | 26.3 | 15.5 | 17.9 | 12.0 | 15.0 |
| ASTRAL LIMITED | 37,967 | 65.9 | 9.36 | 34.3 | 13.2 | 16.9 | 15.6 | 15.5 |
| GARWARE HI-TECH FILMS LTD | 16,077 | 41.5 | 6.05 | 31.9 | 12.7 | 16.4 | 16.5 | 30.3 |
| FINOLEX INDUSTRIES LTD | 9,504 | 15.4 | 1.53 | 11.1 | 9.6 | 11.8 | 3.5 | 20.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 24 Aug 2026 · 41st AGM scheduled for September 16, 2026 | compliance | minimal | — | — |
| 22 Aug 2026 · Annual Report FY26 web link sent to shareholders; AGM on Sept 16 | compliance | minimal | — | — |
| 22 Aug 2026 · Book closure Sep 10-16 for 41st AGM; capital raise and business pivot proposed | board shareholder meetings | low | — | — |
| 22 Aug 2026 · Bharatam Ventures files 41st Annual Report FY25-26 and AGM notice | compliance | medium | — | — |
| 22 Aug 2026 · 41st AGM on Sept 16, 2026 with capital hike, office shift and warrant issue | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Newspaper publication of Q1 FY27 financial results filed | compliance | minimal | — | — |
| 11 Aug 2026 · Pet Plastics board meets Aug 14 to consider Q1 results, preferential issue | results | low | — | — |
| 10 Aug 2026 · Bharatam Ventures makes sugar arm Penganga its wholly owned subsidiary | strategic transactions | medium | — | — |
| 17 Jul 2026 · Routine SEBI Regulation 74(5) compliance filing for Q1 FY27 | compliance | minimal | — | — |
| 27 Jun 2026 · Trading window closed from July 1 ahead of Q1 FY27 results | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| TIME TECHNOPLAST LTD. | 8,934 | 17.6 | 2.14 | 10.0 | 11.4 | 14.0 | 15.2 | 13.3 |
| KINGFA SCI & TEC IND LTD. | 8,422 | 37.3 | 6.02 | — | 13.2 | 17.7 | — | 16.9 |
| PRINCE PIPES FITTINGS LTD | 2,950 | 28.9 | 1.79 | — | 4.5 | 5.6 | — | 13.3 |
| APOLLO PIPES LIMITED | 2,444 | — | 2.74 | 32.3 | 0.5 | 1.0 | — | 1.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | (187.4) | 7.1 | 57 of 57 | 0% |
| ROE | (3795.1) | 7.6 | 48 of 48 | 0% |
| Debt / Equity | 19.3 | 0.1 | 48 of 48 | 0% |
| EBITDA margin | (55.2) | 11.6 | 42 of 43 | 2% |
| Revenue growth | 3336.5 | 10.6 | 1 of 49 | 100% |
| Profit growth | (4978.9) | 20.7 | 47 of 47 | 0% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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